Internal Audit Services

Why Internal Audit?

Regulators are increasingly focused on the quality and effectiveness of internal controls. These controls are designed to reduce the risk of asset misappropriation, regulatory noncompliance, and inadequate financial reporting. Well-managed credit unions gain significant benefits and risk mitigation by employing an internal auditor to evaluate the design, implementation, and effectiveness of their internal control systems. While larger credit unions often establish internal audit departments, smaller institutions may benefit from engaging an outside consultant to perform this function on a quarterly basis or as needed.

Daren B. Tanner, P.C. provides internal audit services on a consulting basis to credit union clients. These services are typically performed at the direction of the Supervisory Committee and under the supervision of management. Sophisticated audit software is commonly used in areas such as loan reviews, enabling the selection of representative samples and the identification of outlying data records.

Internal audit services include, but are not limited to:

Supervisory committees interested in receiving additional information and a typical quarterly internal audit schedule may contact Daren Tanner by
Email: (daren@dbt-pc.com) (or) Telephone: 503 352 3255.